Oppenheimer & Co. Inc. Reduces Holdings in Masco Co. (NYSE:MAS)

Oppenheimer & Co. Inc. cut its stake in shares of Masco Co. (NYSE:MASFree Report) by 2.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,104 shares of the construction company’s stock after selling 1,101 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Masco were worth $2,686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of MAS. Norges Bank purchased a new stake in Masco in the 4th quarter worth approximately $122,144,000. Lazard Asset Management LLC lifted its holdings in Masco by 1,307.8% in the 3rd quarter. Lazard Asset Management LLC now owns 686,794 shares of the construction company’s stock worth $36,708,000 after buying an additional 638,010 shares during the period. Acadian Asset Management LLC lifted its holdings in Masco by 443.5% in the 3rd quarter. Acadian Asset Management LLC now owns 502,157 shares of the construction company’s stock worth $26,829,000 after buying an additional 409,767 shares during the period. Qube Research & Technologies Ltd lifted its holdings in Masco by 87.3% in the 3rd quarter. Qube Research & Technologies Ltd now owns 815,888 shares of the construction company’s stock worth $43,609,000 after buying an additional 380,267 shares during the period. Finally, Invesco Ltd. lifted its holdings in Masco by 15.4% in the 3rd quarter. Invesco Ltd. now owns 2,561,153 shares of the construction company’s stock worth $136,894,000 after buying an additional 342,476 shares during the period. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Masco Price Performance

NYSE:MAS opened at $66.03 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.74 and a debt-to-equity ratio of 18.76. The business’s 50-day simple moving average is $71.19 and its two-hundred day simple moving average is $70.14. The stock has a market cap of $14.54 billion, a PE ratio of 16.18, a P/E/G ratio of 1.73 and a beta of 1.27. Masco Co. has a 52 week low of $47.66 and a 52 week high of $78.94.

Masco (NYSE:MASGet Free Report) last issued its earnings results on Wednesday, April 24th. The construction company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.06. Masco had a return on equity of 865.37% and a net margin of 11.60%. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the firm posted $0.87 earnings per share. The business’s revenue was down 2.7% compared to the same quarter last year. As a group, analysts forecast that Masco Co. will post 4.11 EPS for the current fiscal year.

Masco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 24th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.16 annualized dividend and a dividend yield of 1.76%. Masco’s dividend payout ratio (DPR) is 28.43%.

Wall Street Analyst Weigh In

MAS has been the subject of several research reports. StockNews.com lowered Masco from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Loop Capital reduced their price objective on Masco from $79.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, April 25th. Evercore ISI reduced their price objective on Masco from $75.00 to $74.00 and set an “in-line” rating for the company in a research report on Thursday, April 25th. Citigroup increased their target price on Masco from $74.00 to $79.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Finally, Royal Bank of Canada increased their target price on Masco from $79.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $72.15.

View Our Latest Report on Masco

About Masco

(Free Report)

Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower trays, spas, exercise pools, and fitness systems; brass, copper, and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialized fabrications, and PEX tubing products; and other non-decorative plumbing products.

See Also

Institutional Ownership by Quarter for Masco (NYSE:MAS)

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